
— bed, — bath on 20.13 acres in Spicewood. Spicewood, TX 78669. $2,500,000.
We are excited to announce the availability of a new commercial property in Spicewood, TX. This property spans 20.130 acres and is located on Highway 71. It offers a prime location for business owners looking to establish themselves in the area. The property is easily accessible and offers ample space for a variety of commercial uses. Don't miss out on this opportunity to invest in a growing community. Contact us for more information and to schedule a viewing.
A rare 20.13-acre commercial holding on Highway 71 in Spicewood represents one of the few remaining large-format development opportunities in Burnet County's fastest-growing corridor. This property sits at a critical intersection of Central Texas expansion, where Austin's growth trajectory meets rural Hill Country character, making it equally suited for hospitality, retail, office, or mixed-use development.
The Highway 71 corridor through Spicewood has emerged as a strategic commercial zone over the past five years. Unlike properties deeper in Burnet County, this location benefits from direct visibility and access to one of the region's primary east-west thoroughfares. The property's 20-acre footprint provides the rare flexibility that most commercial operators need but rarely find in established areas. Development-ready land at this scale typically commands premium prices in adjacent counties, yet this Spicewood parcel offers significantly more runway for creative site planning.
Proximity matters here. The property sits within reasonable distance of Spicewood's residential expansion zones, where new home construction has accelerated substantially. Highway 71 itself functions as the de facto commercial spine for the area, linking smaller business clusters that have formed around Spicewood proper. This geographic positioning means traffic patterns are already established and growing, a major advantage for any retail or service-oriented business model.
The underlying economics favor this location's timing. Burnet County has seen consistent population growth over the past decade, with the Spicewood area specifically benefiting from spillover development from the Marble Falls direction and Lakeway's westward reach. Commercial real estate here has not experienced the saturation that plagues closer-in Austin markets, meaning land costs remain rational relative to visibility and traffic counts.
After 1008 days on the market, this property has tested buyer appetite thoroughly. That extended timeline likely reflects pricing calibration or development timing misalignment rather than fundamental issues with the land itself. For the right operator or developer with a specific use case, this acreage offers a blank canvas and significant development potential without the escalated land costs of more established commercial corridors. The long listing period actually signals opportunity for a motivated buyer who understands Spicewood's growth trajectory and has the vision to execute on it.
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (379 sales), as of October 15, 2026.
Verified property facts
8530 Hwy. 71 is listed at $2,500,000 with 0 bedrooms, 20.13-acre lot. This places it above the ZIP 78669 single-family closed-sale median price of $695,000 (ZIP 78669 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).
The most recent annual property tax for 8530 Hwy. 71 is $22. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
This page does not assume a mortgage rate or publish a monthly payment for 8530 Hwy. 71. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 15, 2026, 8530 Hwy. 71 is offered at $2,500,000. The current MLS snapshot shows 202 active listings in 78669. Keenan Group has completed 10 verified transactions in 78669 within its 1,000+ completed transactions and $1B+ career volume across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.
Listing information last updated August 23, 2026.
Listed by Texas Hills and Lakes RE
MLS# 8390362 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
1 record on file
Every recorded listing, sale, and lease at 8530 Hwy. 71, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
District context schools are shown because address-level assigned school fields are not available for this property. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($500K)
Adjustable assumption - not a lending recommendation.
$2,500,000
Luxury property intelligence
A sourced read on Spicewood pricing, timing, and property scale. No automated valuation claim.
List price
$2,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
1,221 days
Original to current
No verified reduction
$2.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
Homes sold by Keenan Group.
| Address | Offered At |
|---|---|
| 926 Bristol Creek Bnd | $1.45M |
| 2702 Lakehurst Rd | $1.29M |
| 4607 R O Dr | $2.30M |
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Comparable homes that recently closed in this area
Best Match
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